Government want to know what you think about their initial thinking for the Environmental Land Management (ELM) Scheme. They state that they are committed to co-designing the ELM scheme, to create something that allows business to thrive and provides environmental improvements.

Regional events will also be held to discuss the proposals and to get your views. Details including dates and locations will follow soon.

The government has launched a consultation in order to gather views on its proposals to expand the dormant assets scheme to include new financial assets.

The public consultation follows two industry-led reports, which made a series of recommendations on broadening the current scheme beyond bank and building society accounts to include assets from the insurance and pensions, investment and wealth management, and securities sectors.

Having considered industry’s recommendations, the government is now inviting input on the detailed proposals to expand the scheme. They are particularly interested in hearing views from potential participants, consumer groups, regulators, and interested individuals.

The government states: “Good regulation is essential to successful business. The government strives to achieve the right regulatory balance between supporting excellent business practice and protecting workers, consumers and the environment.

“The Reforming Regulation Initiative is an invitation to businesses and the public to help government ensure that regulation is sensible and proportionate. We’re particularly interested in the needs of small businesses.

“Please let us know how we could improve the system of UK regulation by responding to this short consultation.

“Please note that this is about improving the system rather than changing regulatory decisions about individual cases. If you want to challenge a decision about a case, you can get details of how to appeal from the relevant regulator’s website.”